16 Lorraine AveBuffaloNY14220
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Buffalo at 16 Lorraine Ave, Buffalo, NY, 14220 generates $1,670/mo in rent and, after a $1,121/mo payment, leaves $141/mo in cash flow. Total monthly income is $1,670/mo, and annual cash flow is $1,687/yr on $75,914 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 8.75% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 115.42% and total cumulative return in cash sums $87,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,670/mo property income rather than buyer’s personal income.
Multi Family
Built in 1927
4,412 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14220, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,383 (100%) |
| Owner Occupied HU | 6,486 (57.0%) |
| Renter Occupied HU | 3,937 (34.6%) |
| Vacant Housing Units | 960 ( 8.4%) |
| Median Home Value | $207,577 |
| Average Home Value | $272,914 |
Housing Distribution
Address Breakdown
Residential
9,537
Single Family
9,308
Multi-Family
229
Businesses
403
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